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Company description::
Libertyville, IL – November 19, 2003 – Healthcare Insights (HCI), the leading provider of financial management software for the healthcare industry, today announced that its singular information management tool, TRAC, is now enhanced to extend the benefits offered to financial managers of hospitals and other healthcare related organizations. With its new name, INSIGHTS, already in place, the company’s robust technology extends far beyond budget tracking and reporting. The basis for the enhancement is integrating decision support and management accountability, to allow small to large healthcare organizations the ability to easily define, establish and monitor all financial and management goals. A comprehensive resource, the new INSIGHTS provides a multitude of capabilities including, budgeting, financial planning, labor management and project management. The benchmarks of the enhanced software solution are a new human resources/labor management tool, which facilitates position control, applicant tracking and hourly and salaried payroll management. INSIGHTS also seamlessly interfaces with nursing registries, allowing efficient tracking of outsourced nursing.
INSIGHTS functionality centers on exception based alerts, which promote management accountability. A user-friendly interface automatically organizes multi-level financial information and focuses management attention on user-defined exceptions, fostering accountability by requiring a response to real-time alerts and archiving responses for review.
“Demonstrated industry need for an integrated decision support and management accountability tool, designed to rapidly and significantly enhance financial and operational accountability led to the evolution from TRAC to INSIGHTS,” says Steven Berger, President of HCI. “The fundamental principle of INSIGHTS is to immediately deliver critical financial information that supports strategic decision making. This exception-based methodology empowers users to identify emergent situations and make educated responses to support the overall goals of the institution.”
Healthcare financial planners who have previously used TRAC will continue to benefit from its familiar features. The new INSIGHTS also provides multi-level fixed and flexible budgeting, customizable real-time financial reporting, multi-year financial planning capabilities and a comprehensive labor productivity analysis.
INSIGHTS customers also receive substantial added value from Healthcare Insights. In-depth product training is provided for all new users and regular software enhancements are available at no additional cost.
For additional information about Healthcare Insights and the customizable INSIGHTS product, visit the company’s new website at www.hcillc.com.
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About Healthcare Insights LLC
Healthcare Insights LLC provides sophisticated decision support management accountability software for the healthcare industry, as well as education training and business application consulting services. The company’s proprietary technology, INSIGHTS, allows small to large healthcare organizations to easily define, establish and monitor financial or non-financial goals. Corporate headquarters are located in Libertyville, Illinois. Healthcare Insights is accessible via the Internet at www.hcillc.com.
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